July 9, 2024

S&P 500 & NASDAQ 100 / Elliott Wave Daily Update 7/09/2024 by Michael Filighera

The markets continue to progress along within the context of the current EW count — the markets also continue to extend within the current rally. Today’s trade continued to see an “inflow” of capital within the larger cap stocks that have been controlling the NASDAQ 100. I’ve updated the labeling and will update the Fibonacci levels for the expected completion points for minute 5th waves, minuet 5th waves, and sub-minuet 5th waves — all finishing up to put in the top for Minor 3rd waves. Wednesday @10AM EDT Wholesale Inventories are reported and FED Chair Powell goes before the House Committee with his testifying part II.